Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$9,663$9,663$305,991
Remaining term (yrs)0.90.930.0
Secondary amount$0$296,328$0
Funding fee$0$0$0
Note rate2.890%2.890%7.320%
Blended rate3.740%7.623%7.560%
1st payment$755.87$755.87$2,101.95
2nd payment$0.00$1,913.79$0.00
Taxes / mo$139.92$139.92$139.92
Insurance / mo$150.00$150.00$150.00
MI / mo$78.13$78.13$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,123.91$3,037.70$2,453.06
Cash to close$330,327$33,999$33,999